The Role of Finance in Achieving Sustainability

Satyajit Bose (), Guo Dong () and Anne Simpson ()
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Satyajit Bose: Columbia University
Guo Dong: Columbia University
Anne Simpson: CalPERS

Chapter Chapter 1 in The Financial Ecosystem, 2019, pp 1-18 from Palgrave Macmillan

Abstract: Abstract We describe trends which have led to calls on the financial system to aid in global efforts to ensure sustainable development. We outline the three traditional roles of the financial sector: allocation of scarce capital to its highest-valued use, the matching of savers to investors, and the generation of the most accurate possible signals of scarcity and abundance. We outline modes of analysis which can extend the traditional functions of the financial system to advance sustainability through the identification and evaluation of sources of long-term value creation that accounts for natural and human capital, the development of appropriate investment products for responsible investors, and the search for risks and opportunities arising from the potential transgression of planetary boundaries.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-030-05624-7_1

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DOI: 10.1007/978-3-030-05624-7_1

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